Solana steals the spotlight while the Fed Rate Cut Nears: Crypto Daybook Americas
By Omkar Godbole (At all times and unless indicated otherwise)
Suddenly, it was all about Ethereum’s rival Solana and this native token Sol as the broader market was breathing ahead of Wednesday’s Federal Reserve Reserve reserve decision.
Michael Novogratz, the founder and CEO of Galaxy Investment, said Solana can change To be a global financial infrastructure. Why? Because the blockchain can handle more than 6 billion transactions a day, which is higher than 400 million-700 million trade in the global security market that usually interacts, he said. Speed speed.
In Basecamp 2025, Coinbase’s Layer-2 network has been shown in plans for a token launch that can accelerate decentralization and open a Solana bridge to boost cross-chain connection. Pantera Capital’s Dan Morehead announced that Solana is their biggest stake, worth $ 1.1 billion, calling it the fastest and best performing blockchain, which has been released even Bitcoin for the past four years.
If that’s not enough, Kyle Samani, chairman of the NASDAQ listed the Solana Treasury Company Forward Industries, said this weekend said the company plans to deploy funds to strengthen the Solana-roof decentralized financial ecosystem.
All of these signs suggest Sol can miss Bitcoin Ether (Et) and other major tokens if Fed cuts rates by 25 points basis this week, as expected. If it was a surprise with a 50-base-point move, things could be wild. Keep your eyes in the pairs of Sol/BTC and Sol/Eth.
Currently, SOL is trading around $ 235 after peaking near $ 250 over the weekend. Other major cryptocurrencies are stuck in neutral, Take the back stock, which continues to hit the fresh ones.
In front of Stablecoin, the Bank of England Suggested limitations On how the dollar’s dollar cost can be handled by an individual, which is less than 10,000 pounds ($ 13,600)mentions systematic risks. Stani Kulechov, CEO of Aave, called the move “absurd” and encouraged the crypto community to stand up against such regulations.
Many countries, especially those with current account deficiencies, are likely to consider similar steps to hinder the flows that are dodging traditional banks.
And about the traditional market, the Monday mix of rising stock and the Vix, the fear of Wall Street, has some observers raising their eyebrows. History shows these moments often ahead of market corrections, so stay alert!
What to watch
- Crypto
- September 16, 12 pm: Solana Live Event in X. Visitors include Pump.Fun co-founder Alon Cohen and Kyle Samani, chairman of Forward Industries (Ford) and is in charge of the multicoin capital partner.
- Macro
- September 16, 8 AM: Brazil July is the unemployment rate. 5.7%.
- September 16, 8:30 am: Canada August Headline CPI Yoy Est. 2%, Mom Est. 0%; Core yoy est. N/a (Prev. 2.6%)Mom ay. N / a (Prev. 0.1%).
- September 16, 8:30 am: US August Retail Sales Yoy Est. N/a (Prev. 3.9%)Mom ay. 0.3%.
- We are (Estimates based on factset data)
Events with the token
- Votes and Management Calls
- Curve DAO votes to update twocrypto-enabled contracts, refining the donation vesting so the locked parts continue after the burning. Voting ends on September 16th.
- September 16: Aster Network To Host A Call the community.
- September 18, 6 AM: Mantle to host Mantle State of Mind, a monthly downhill series.
- September 16, 12 pm: Kava to dost a community ask me anything (O) Session.
- Unlocks
- Launching a token
- September 16: Merlin (MRLN) listed in Binance Alpha, Mexc, Bitmart, Gate.Io, and more.
Conference
Token talk
By Oliver Knight
- While the crypto market remains within a tight range after a short peak and trough on Monday, a token runs its own race: IMX reaches 15% over the past 24 hours with a sunny trading volume doubling $ 144 million.
- The IMX’s rise, the native token of the Web3 play platform that cannot be changed, to a five -month height.
- Bullish feelings around the irreversible can be attributed to a Sec probe that fell Earlier this year and general optimism around the play sector. Estimated that the play has reached $ 200 billion income this year with The additional growth forecast in 2026 Next to the release of Grand Theft Auto 6 of Rockstar Gaming.
- The irreversible is properly positioned to achieve growth after Suffering in gaming giant Ubisoft The next repeat of Might and Magic Fate in April.
- Blockchain technology can play a key role to play in play if trends have moved toward ownership of in-game items, which may detect the implementation of unimaginable tokens (NFTS) Within a game that can be collected or sold for crypto tokens.
- IMX is currently trading at $ 0.736 damaged to a major resistance level. It is likely to return to test $ 0.70 as support before the potential transfer higher, if the amount of trade can be maintained at these levels.
Derivatives positioning
- Most major cryptocurrencies, including BTC and ETH, continue to experience capital flows from futures, leading to a denial of open interest.
- AVAX stands with the OI rising by more than 14% as the token’s market cap seems to have risen above $ 13 billion in the first time since Feb. 2.
- Solana Oi reached a record of over 70 million sol, with a positive funding rate pointing to capital flows.
- In CME, the OI in Solana Futures returned to 7.63 million solo from a record of 8.12 million solo in Sept.
- BTC CME OI will continue to improve, but general positioning remains lightweight associated with ether and sol futures.
- In the derivit, the bias for BTC and ETH puts options continue to be easy on all tenors as entrepreneurs expect Fed rate cuts. Sol and XRP options remain bullish bias.
- In the OTC Network park, block flows feature the BTC calendar and rotate options and place options.
Movements in the market
- BTC does not change from 4 pm ET Monday to $ 115,500.55 (24hrs: +0.54%)
- ETH does not change to $ 4,513.45 (24hrs: -0.49%)
- CoinDesk 20 reached 0.48% to 4,271.28 (24hrs: +0.71%)
- The ether CESR composite staking rate is up to 5 bps at 2.87%
- BTC funding rate is at 0.0059% (6.4616% annual) In Binance
- DXY drops 0.32% to 96.99
- Gold futures reached 0.42% to $ 3,734.70
- Silver futures reached 0.53% to $ 43.19
- Nikkei 225 closed 0.3% to 44,902.27
- Hang Seng is closed unchanged at 26,438.51
- FTSE drops 0.22% to 9,256.41
- Euro Stoxx 50 does not change to 5,437.55
- DJIA closed on Monday to 0.11% to 45,883.45
- S&P 500 closed 0.47% to 6,615.28
- The Nasdaq Composite closed 0.94% to 22,348.75
- The S&P/TSX Composite closed 0.5% to 29,431.02
- S&P 40 Latin America closed 1.64% to 2,904.55
- US 10-year Treasury Rate does not change to 4.037%
- E-Mini S&P 500 futures are up to 0.19% to 6,633.75
- E-Mini Nasdaq-100 Futures reached 0.29% out of 24,380.00
- E-Mini Dow Jones Industrial Average Index does not change to 45,902.00
Bitcoin stats
- BTC Dominance: 58.11% (does not change)
- Ether in bitcoin ratio: 0.03907 (-0.36%)
- Hashrate (Seven-day moving average): 025 eh/s
- Hashprice (Spot): $ 53.98
- Total Fees: 4.41 BTC / $ 508,109
- CME FUTURES Open Interest: 140,975 BTC
- BTC that is priced at gold: 31.2 oz
- BTC vs Gold Market Cap: 8.82%
Technical analysis
- The monthly chart shows that the BTC has re -tested the trend of connecting the previous bull market peaks.
- The bulls failed to establish a foothold above that trendline in July and August.
- A third straight failure can really boost sellers, which potentially yield a deeper collapse.
Crypto equities
- Coinbase Global (Coins): closed on Monday at $ 327.02 (+1.23%)+0.27% at $ 327.91
- Circle (CRCL): closed to $ 134.05 (+6.97%)unchanged with pre-market
- Galaxy Digital (Glxy): closed to $ 30.77 (+3.6%)+0.58% at $ 30.95
- Bullish (Blsh): closed to $ 51.08 (-1.47%)+0.59% at $ 51.38
- Mara holdings (Mara): closed to $ 16.24 (-0.43%)unchanged with pre-market
- Riot platform (Excitement): closed to $ 16.68 (+4.97%)+1.08% at $ 16.86
- Basic scientific (Corz): closed to $ 16.32 (+2.9%)+0.37% at $ 16.38
- Cleanspark (CLSK): closed to $ 10.29 (-0.58%)+0.1% at $ 10.30
- Coinshares valkyrie bitcoin miners etf (Wgmi): closed to $ 38.73 (+3.78%)+1.96% at $ 39.49
- Exodus movement (Exod): closed to $ 27.88 (-1.69%)-1.94% at $ 27.34
Crypto treasury companies
- Strategy (Mstr): closed to $ 327.79 (-1.1%)+0.34% at $ 328.89
- Semler scientific (Smlr): closed to $ 28.39 (-2.74%)
- Sharpink gaming (SBET): closed to $ 16.79 (-5.14%)+0.54% at $ 16.88
- UPEXI (Upxi): closed to $ 6.33 (-6.29%)+0.95% at $ 6.39
- Lite approach (Lits): closed to $ 3.07 (+10.43%)
ETF is flowing
Spot btc etf
- Net -Net Flow -day: $ 259.9 million
- Cumulative Net Flow: $ 57.05 Billion
- Total BTC handling ~ 1.31 million
Spot etfs
- Net -Net Flow -day: $ 359.7 million
- Cumulative Net Flow: $ 13.74 Billion
- Total Eth Holdings ~ 6.53 million
Source: Farside Investor
